With recapitalization recently completed, full-service commercial post house Avenue plans to gear up and aggressively move into the areas of internet content and spot production, said owner/CEO Jonathan Turk.
The financial restructuring has given the company additional funds for expansion “clearly in the many new media opportunities far and beyond conventional television,” said Turk.
The undisclosed financial and strategic investment was made by New York-based RDA Ventures, LLC and partner Harbor Entertainment.
One physical expansion possibility under discussion is to open a post facility in New York. Like several of the other Big Six companies(including Cutters, Filmworkers Club, Foundation Post, Optimus, The Whitehouse), Avenue has a branch in Santa Monica, along with Cutters and Optimus.